Oil marketers under the Petroleum Products Retail Outlets Owners Association of Nigeria, PETROAN, have called on the Federal Government to engage credible international firms as equity and technical partners in the management of the Port Harcourt refinery.
In a statement, the group commended Nigerian National Petroleum Company, NNPC Limited Chief Executive, Bayo Ojulari, for advancing the Technical and Equity model that allows private sector involvement. PETROAN also welcomed the award of the refinery’s assessment contract to UOP, a leading global firm, describing it as a step towards transparency and efficiency.
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The association stressed that reviving the refinery will strengthen energy security, stabilise prices, and prevent monopoly in the downstream sector. PETROAN’s president, Dr Billy Gillis-Harry, praised President Bola Tinubu’s leadership in driving reforms aimed at boosting economic growth through sustainable energy initiatives.
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